Hawthorn

Hawthorn, an inner suburb of Melbourne, Victoria, is located approximately 6 km east of Melbourne’s Central Business District. It falls under the City of Boroondara. Known for its historical architecture, vibrant culture, and proximity to the city, Hawthorn is a popular choice for diverse residents.

Demographic Profile

• Population: According to the 2021 census, the population of Hawthorn was 22,322.
• Predominant Age Group: Popular among young adults and professionals, particularly the 20-39 age group, due to its proximity to universities and the CBD.
• Median Household Income: Generally higher than the Melbourne average, indicative of its affluent nature.
• Occupancy: A mix of homeownership and rentals, with a significant presence of high-quality rental properties due to its student population.

Real Estate and Growth

• Median House Prices: The median house price in Hawthorn is around AUD 2,000,000.
• Median Unit Prices: The median price hovers around AUD 650,000 for units.
• Rental Market: The median rent for houses is approximately AUD 700 per week, and for units, it’s about AUD 450 per week.
• Market Trends: Hawthorn is known for its stable property market, with consistent demand due to its location, amenities, and lifestyle appeal.

Education and Lifestyle

• Schools: Hosts several prestigious schools, including Scotch College and Swinburne University of Technology.
• Local Vibe: Offers a vibrant mix of cafes, restaurants, and shopping areas, particularly along Glenferrie Road.
• Community Insights: Residents enjoy a blend of urban convenience with the charm of heritage homes and leafy streets.

Transportation

• Public Transport: Excellent public transport options, including multiple tram routes and the Hawthorn train station.
• Accessibility: Well-connected by significant roads, facilitating easy access to the city and surrounding areas.

Notable Features

• Cultural Attractions: Home to several historical sites and cultural venues, like the Hawthorn Arts Centre.
• Green Spaces: Abundant in greenery, with several parks and the nearby Yarra River providing scenic walking and cycling paths.

Hawthorn is an attractive suburb for those who appreciate a mix of historical charm and modern urban living. Its combination of educational institutions, lifestyle amenities, stable real estate market, and proximity to Melbourne CBD make it a highly sought-after location for a diverse population, including students, professionals, and families.